The struggles push to $ 2,000 – June 30th
The market operation, formed by the pairing of Ethereum and the US dollar, is currently struggling as the $ 2,000 level rises. The U.S. fiat currency loses its position slightly so that the encryption value trades at about $ 2,105 with a negative percentage of about 2.74.
Struggles push $ 2,000: ETH Market
Resistance levels: $ 2,500, $ 3,000, $ 3,500
Support levels: $ 1,900, $ 1,700, $ 1,500
ETH / USD – daily chart
The ETH / USD daily chart shows that the valuation of the encryption market is now struggling around an important $ 2,000 trading zone as trading indicators also appear close to the spot. The 50-day SMA trend line is slightly above the 14-day SMA trend line. And the bearish trend line was closely drawn with the smaller SMA to capture the larger SMA at the slightly rear end. Stochastic oscillators are slowly moving into the overbought territory. And now they are seemingly trying to close the lines. It can cause an interruption to see a clear movement in the cryptographic economy.
Could there be a reliable rise in ETH / USD trading as price battles push around $ 2,000?
From this store Ethereumin price battles push the valuation of the USD to the level of $ 2,000, it still seems to some extent that the underlying instrument appears to be losing momentum to the counter tool in the near future. As a result, the bulls may have to keep a longer trip north for a while until the market brings concrete support out of the current trading zone.
The downside is that the long mid-point score in the ETH / USD market of around $ 2,000-250 could, in the long run, set off a decline in ETH / USD trading. and $ 1,500 are considered areas where bears tend to lose their status due to many reasonably technically flexible purchase entries.
ETH / BTC price analysis
ETH / BTC the price analysis chart currently illustrates that basic crypto struggles collide with the flagship trade. Bitcoin pushed against Ethereum in a way that eventually led to finding support around the larger SMA. A smaller number of candlesticks are formed firmly against the SMA coming from below. The 50-day SMA is below the 14-day SMA. And the rising trend line continues to play a supporting role for the larger SMA indicator. Stochastic oscillators have moved the blue line to the overbought territory. This suggests that the upward pressures do not appear to be so active.
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